Spokane Arts Fund

Analysis

Spokane Arts Fund is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in August 1977, 49 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Spokane Arts Fund reported income of $350k and spending of $617k, spending 176% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $520k to $350k (-33%), an average of -12% a year. The sharpest change came in the year to December 2020, when income rose by 131%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Spokane Arts Fund sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within WA. Charities of a similar size with the same main cause include Chicago Gay Mens Chorus ($350k), Central Texas Alternative Dispute Resolution ($350k) and Paralyzed Veterans of America ($350k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 91% and program service revenue 3.0% of the total. Compensation of current officers, directors and key employees was $81k (13% of expenses). Other salaries and wages came to $124k. At year end it held assets of $40k against liabilities of $15k, net assets of $24k. It reported 4 employees.